New Issue: Scotiabank prices $9.38 million digital notes linked to Russell 2000 index

By Wendy Van Sickle

Columbus, Ohio, Dec. 13 – Bank of Nova Scotia priced $9.38 million of 0% digital notes due May 11, 2023 linked to the Russell 2000 index, according to a 424B2 filing with the Securities and Exchange Commission.

If the index finishes at or above its 90% threshold level, the payout at maturity will be $1,116.40 per $1,000 principal amount of notes.

Otherwise, investors will lose 1.1111% for each 1% decline beyond 10%.

Scotia Capital (USA) Inc. is the agent.

Issuer:	Bank of Nova Scotia
Issue:	Digital notes
Underlying index:	Russell 2000 index
Amount:	$9,375,000
Maturity:	May 11, 2023
Coupon:	0%
Price:	Par
Payout at maturity:	If the index finishes above threshold level, $1,116.40 per $1,000 principal amount; otherwise,1.1111% loss for each 1% beyond 10%
Initial index level:	2,271.706
Threshold value:	90% of initial level
Pricing date:	Dec. 8
Settlement date:	Dec. 15
Agent:	Scotia Capital (USA) Inc.
Fees:	1.03%
Cusip:	0641596H4

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